HN
20 East 18th Street, Hamilton, ON L9A 4N7, Hamilton, ON
+7 photos
$614,800

20 East 18th Street, Hamilton, ON L9A 4N7, Hamilton, ON

Hamilton, ON L9A 4N7
5 beds 2 baths Detached

About this home

VALUE-ADD OPPORTUNITY IN DESIRABLE INCH PARK. Cozy 3+2 bedroom bungalow offering approx. 1,074 sq ft on the main level plus a full basement w/ separate side entrance and kitchenette, currently rented to a month-to-month tenant who is willing to stay or vacate if required for family use. The main floor requires updating (flooring repairs, kitchen refresh, bath repair), making this an ideal flip, BRRR, or live-upstairs and rent-downstairs opportunity. Large eat-in kitchen, living and dining area, & access to a 3-season enclosed sunroom overlooking the fully fenced yard. The backyard features a patio w/ gazebo and a generous-sized storage shed. Dedicated laundry on both the main floor and in the basement adds flexibility for multi-generational living or rental arrangements. Located in sought-after Inch Park on the Hamilton Mountain, close to Concession Street amenities, Juravinski Hospital, schools, parks, public transit, and mountain access. Enjoy nearby walking trails & convenient access to the escarpment stairs; perfect for outdoor enthusiasts. Basement currently provides income support in a high-demand rental area. Invest in location. Add value. Build equity over time. Ideal for: Investors seeking income potential, First-time buyers willing to add sweat equity, Renovators/flippers looking for value-add opportunity. A rare chance to secure an income-producing property in a strong Hamilton Mountain location.

Property Score

74/ 100
Overall Property Score
great

A blend of both buyer and investor metrics.

Score breakdown
Walkability
65/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
70/100great
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
80% of city avggreat
Priced below Hamilton's average of $765,000.
Appreciation Trend
+1.8%/yrgreat
Hamilton has seen +1.8% YoY price change.
Monthly Cash Flow
+$390/mogood
Estimated $390/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
6.37%excellent
Net operating income divided by purchase price.
Basement Suite Potential
+$1,440/moexcellent
Existing/legal suite estimated at $1,440/mo additional income.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X12824288
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.